European gas prices jumped nearly 40% on Australia supply fears — and analysts expect further rises
Publishing timestamp: 2023-08-10 11:34:52
Summary
Energy analysts believe that European natural gas prices will continue to rise due to fears of supply disruptions in Australia. The surge in gas prices is driven by the potential LNG facility strike and ongoing heatwaves. European buyers are concerned about the security of their gas supply and are filling tanks from the cash market before winter.
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Tickers: @NG.1,
Keywords: oil and gas, natural gas (mar'23), australia, business news, energy, environment,